14590 Highway 165 Highway

Description

Discover a prime investment opportunity with this well-maintained apartment complex located on the south side of Kinder. Built in 1996 and renovated in 2023, this 25-unit property sits on two acres, with an additional one-acre lot on the south side perfect for expansion, resale, or endless possibilities. The complex features a mix of 6 - 1BR/1BA, 18 - 2BR/2BA, and 1 - 3BR/2BA units. Each apartment boasts modern stainless steel appliances, laminate wood floors, ceramic tile in bathrooms, ceiling fans, split A/C and heat units, and neutral color, creating a contemporary and comfortable living environment. The property includes 107 parking spaces along with 4 handicap-accessible spots, and there is a laundry facility that generates additional income. Each unit has its own electric and water meter, and the owner covers garbage pickup and grounds maintenance. The complex is equipped with a fire sprinkler system, installed and approved by the fire marshal, ensuring safety and compliance. With an impressive 98% occupancy rate and a strong rental history, this complex offers a stable income stream and significant future potential. This versatile property combines modern upgrades, desirable amenities, and a strategic location making it an exceptional opportunity for investors looking to expand their portfolio.